I understand, but the problem is: what's that new point of reference in the case of bitcoin? it's fixed, ok, where is it located? You must not forget about "The Calculation Problem": I agree that we can consider bitcoin fixed, ok ... now... what's the value in bitcoin of something? bitcoin is fixed, ok... what's the price in bitcoin? the calculation problem can only be solved by the market, thus by migration via exchange process, thus we are back to the paradox.

I know I'm playing a game of point of view. But isn't that the point? Bitcoin will NEVER be stable in fiat terms. Bitcoin adoption is the process of shifting perspective. You need to stand on the solid ground and watch the fiat ship get tossed up and down on the waves of the sea instead of gripping the taffrail of the sinking ship and watching the land go up and down.

rleed

I understand what you mean. I agree that bitcoin goes up because fiat goes down. For any practical purposes, bitcoin is volatile.

didiplaywell

bitcoin

The Paradox of Bitcoin Adoption

Bitcoin is already stable. It's fiat that goes up and down.